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INVENTORY | 12 Months Ended
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Dec. 31, 2019
Inventory Disclosure [Abstract] |
INVENTORY |
NOTE 4 - | INVENTORY
Inventory is composed of the following:
|  | December 31, |
|  | 2019 |  |  | 2018 |
Raw materials and components |  | $ | 13,296 |  |  | $ | 10,758 |
Work in progress |  |  | 11,735 |  |  |  | 7,297 |
Spare parts |  |  | 18,272 |  |  |  | 19,557 |
Finished goods |  |  | 604 |  |  |  | 993 |
Total inventory (**) |  | $ | 43,907 |  |  | $ | 38,605 |
(**) The total amount of Rotables included in the company spare parts inventory for the years ended December 31, 2019 and 2018 were $8,886 and $8,284, respectively. Slow inventory expenses amounted to $147, $691 and $964 for the years ended December 31, 2019, 2018 and 2017, respectively. The company maintains a wide range of exchangeable units and other spare parts related to its products and services in various locations. Due to the long lead time of its suppliers and manufacturing cycles, the company needs to forecast demand and commit significant resources towards these inventories. As such, the Company is subject to significant risks including excess inventory no longer relevant.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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